Lucrèce Foufopoulos-De Ridder
Director at AMCR
Board
About Lucrèce Foufopoulos-De Ridder
Independent director at Amcor plc since 2023, age 58. Former EVP Polyolefins and CTO at Borealis (2019–2024) and senior executive roles at Eastman Chemical and Dow Chemical/Dow Corning/Rohm & Haas, with ~32 years of global leadership in specialty chemicals, petrochemicals and materials. Holds master’s degrees in Polymer & Composites Engineering (KU Leuven) and Materials Science Engineering (Ghent), plus executive education at INSEAD and IMD. Committees: Compensation; Nominating & Corporate Governance (Chair). Independence affirmed by the Board.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Borealis Group | Executive Vice President, Polyolefins; Chief Technology Officer | Jan 2019 – Jan 2024 | Technology, innovation, sustainability leadership; business transformation |
| Eastman Chemical Company | VP & GM, Rubber Additives; Chief Commercial Officer | Aug 2014 – Dec 2018 | Commercial excellence; sector experience across packaging and industrials |
| Tyco (Raychem); Dow Chemical (incl. Dow Corning, Rohm & Haas) | Senior leadership roles | Various | Global leadership across specialty chemicals and materials |
External Roles
| Company | Role | Tenure | Committees |
|---|---|---|---|
| Sika AG | Director; Sustainability Committee Chair | 2022 – present | Sustainability Chair |
| SABIC (Saudi Basic Industries Corporation) | Director | 2025 – present | Investment Committee; Sustainability, Risk & EHSS Committee member |
| Tronox Holdings plc | Director | 2024 – present | Corporate Governance & Sustainability Committee member |
| Quaker Houghton | Director | 2024 – present | Compensation Committee; Sustainability Committee member |
| Royal Vopak | Director | Apr 2018 – Apr 2025 | — |
| Borouge Pte | Director | Jan 2019 – Jan 2024 | — |
Board Governance
- Committee assignments (FY2025): Compensation Committee member; Nominating & Corporate Governance (NG) Committee Chair. Compensation Committee met 7 times; NG Committee met 5 times; each member is independent per NYSE standards.
- Committee assignments (FY2024): Compensation Committee member; Compensation Committee met 7 times; all members independent.
- Attendance and engagement (FY2024): NG Committee assessed director commitments and affirmed she had sufficient capacity; she attended all meetings of the Board and committees on which she serves.
- Board leadership: Independent Chairman (Graeme Liebelt); Deputy Chairman role exists (Stephen Sterrett in 2025). Regular executive sessions of independent directors; annual elections; stock ownership requirements for directors.
Fixed Compensation
- Director fee structure (effective Dec 1, 2024; updated Dec 1, 2025 RSU component):
- Chair: $541,500, delivered 50% cash / 50% RSUs
- Directors (other than Chair): $285,500, delivered $135,500 cash / $150,000 RSUs; increasing to $170,000 RSUs from Dec 1, 2025
- Committee fees (cash): Audit Chair $32,500; Audit Member $16,500; Compensation Chair $25,000; Compensation Member $11,000; NG Chair $20,000; NG Member $8,000
- Director minimum shareholding: 5x cash retainer, accumulated over five years.
| Fiscal Year | Cash Fees ($) | Stock Awards ($) | Pension Contributions ($) | Total ($) |
|---|---|---|---|---|
| FY2025 | 156,804 | 150,009 | 0 | 306,813 |
| FY2024 (pro-rated from Nov 8, 2023) | 88,398 | 143,835 | 0 | 232,234 |
Performance Compensation
| Component | Metrics | Vesting/Conditions |
|---|---|---|
| Director RSUs | None disclosed for directors; RSUs are part of fixed retainer mix | Standard director equity grants; no performance metrics stated |
Other Directorships & Interlocks
| Company | Sector Overlap with Amcor | Notable Considerations |
|---|---|---|
| SABIC | Chemicals/polymer feedstocks | Potential industry proximity; no related-party transactions disclosed in FY2025 per Item 404. |
| Tronox | Titanium dioxide/pigments | Industry adjacency; no related-party transactions disclosed in FY2025. |
| Sika | Specialty chemicals/construction | Sustainability leadership role; no related-party transactions disclosed in FY2025. |
| Quaker Houghton | Industrial process fluids | Committee roles may enhance governance insight; no related-party transactions disclosed in FY2025. |
Related-party transactions policy: Audit Committee requires best-interest standard; no related party transactions >$120,000 in FY2025.
Expertise & Qualifications
- 32 years’ leadership across specialty chemicals, petrochemicals, and materials; executive roles across Europe, U.S., and Asia.
- Advanced technical education (polymer/composites and materials science); executive education at INSEAD and IMD; advisor to a Greentech VC firm.
- Functional strengths: sustainability and circular transformation, innovation, commercial excellence, business leadership.
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Reference Date |
|---|---|---|---|
| Lucrèce Foufopoulos-De Ridder | 29,523 | <1% (asterisk indicates <1%) | Sept 8, 2025 (2,308,359,941 shares outstanding) |
- Director stock ownership guideline: 5x cash retainer to be accumulated over five years; hedging/pledging prohibited for directors and executives.
Insider Trades
| Date | Transaction | Shares | Value | Source |
|---|---|---|---|---|
| Mar 3, 2025 | Open-market purchase | 14,000 | $144,286 | |
| Mar 3, 2025 | Form 4 filing summary | 14,000 acquired | $144,287 |
Governance Assessment
- Strengths: Independent director; chairs NG Committee; active Compensation Committee member; demonstrated attendance and engagement (attended all Board/committee meetings she served in FY2024). Committee meeting frequency (7 Compensation meetings in FY2024 and FY2025; NG met 4 in FY2024 and 5 in FY2025) supports active oversight.
- Alignment: Receives balanced mix of cash and RSUs; subject to director minimum shareholding (5x cash retainer) and hedging/pledging prohibitions; beneficial ownership disclosed.
- Potential risks/RED FLAGS: Multiple external public boards (Sika, Tronox, Quaker Houghton, SABIC) elevate workload; however, Amcor’s NG Committee explicitly assessed capacity and confirmed she had sufficient time and attended all meetings in FY2024; Amcor policy states no directors are “overboarded.” No related-party transactions disclosed for FY2025.
- Investor signal: Documented insider share purchase in March 2025 indicates personal capital alignment; modest YoY increase in her total director compensation reflects standardized fee structure rather than discretionary awards.